Because you are working with an accurate inventory of your actual telecom network, Rivermine Finance Manager helps you better manage your operations and control your costs. By connecting this application with your network management tools, you can analyze performance, design, and costs - all from one integrated perspective - and thereby enhance your network operations and business performance. That’s the unique power of Rivermine Software.

Reconcile line item charges against inventory, contracts, and audit rules.

Ensure contract compliance

Prepare invoices for payment

Integrate with your accounting systems.

With these capabilities, you can virtually eliminate the need for physical invoices which, in turn, dramatically increases accuracy and reduces bill processing costs.

Bill Validation

Each month, someone in your company must validate that all telecom bills reflect the correct amounts and match up against what you currently own and use. Only with an exact inventory do you have complete information to ensure accurate bill validation:

Contract Management

Rivermine provides Contract Management capabilities to keep all aspects of contracts on track and to help better manage service allocation and rates. Rivermine not only captures and stores complete contractual terms and conditions for every vendor and service—including all addendums—it automatically validates compliances and flags critical issues. With this information, you can:

Track, optimize and audit on contractual rates and carrier services across providers

Financial Reporting

The Rivermine Finance Manager application provides meaningful reports that enable you to obtain a comprehensive look at your telecom spend. With this information, you can analyze spending trends to determine how much is being spent by any logical grouping, including technology, vendor, region, office, and carrier.

You can also create reports to prepare budgets, enhance contract negotiations with service providers, and reduce local services costs through tariff optimization. Here are just a few of the standard reports available with Finance Manager:

Technology enables TEM

There is no Telecom Expense Management initiative that can do without TEM Technology. Telecom products and services represent a mission-critical support function that will continue to grow more complex in terms of technology, functionality and pricing and require automated management. Telecom Expense Management technology delivers the information you need to manage your telecom spend and avoid unnecessary expenditures with integrated analysis of your inventory, equipment, contracts, vendors and billing. And as TEM has evolved far beyond just checking phone bills, technology becomes ever more important to support people and processes executing TEM business functions. Today, TEM Technology implies an Enterprise Resource Planning (ERP)-type integrated software application that delivers Total Telecom Service Lifecycle Management (TTSLM) for communications resources, a proactive method of managing the internal service delivery and service support processes of your organisation.That’s why Convergence’s ERP level TEM solution is based on the technology of the world’s most famous provider of TEM technology, Rivermine Software, the result of tens of millions of dollars in development investment. Convergence’s proprietary software enhances and complements Rivermine to address the specific needs of the EMEA market and a geographically dispersed user community. The Convergence TEMPOR and TEMPOR Enterprise portal enable collaboration across geographies, customer teams, telecom suppliers and the Convergence Managed and Professional Services specialists. BillIntelligence normalises, translates and enriches incomplete billing data and TEMExpert Business Intelligence provides dynamic web analytics down to the call detail record level. This technology today brings TEM within reach of any size organization, with any telecom provider, in any language, anywhere.